Sony acquires Insomniac Games

Sony has purchased Spider-Man and Ratchet & Clank studio Insomniac Games for an undisclosed amount.
Much of Insomniac's catalog over the years has appeared on Sony PlayStation consoles, including last year's Marvel's Spider-Man, which Sony revealed today has sold over 13.2 million copies. Insomniac also has a number of games on the Oculus Rift that have not yet reached PlayStation VR, as well as the Xbox One and PC-exclusive Sunset Overdrive.
Sony says that day-to-day operations are expected to be run by the same management team alongside the Sony Interactive Entertainment San Mateo studio.
"Insomniac Games is one of the most highly-acclaimed development studios in the industry and their legacy of best-in class storytelling and gameplay is unparalleled,” said Shawn Layden, Chairman, SIE Worldwide Studios. "We have enjoyed a strong collaborative partnership with the studio for many years, and are thrilled to officially welcome them to the Worldwide Studios family. The addition of Insomniac Games to SIE WWS reiterates our commitment to developing world class gaming experiences that can only be found on the PlayStation platform."
In a follow-up blog post, CEO Ted Price added that the move felt less like an acquisition and "more like a homecoming."